View more on these topics

Merger may be revived as LIA chief executive Travis quits

LIA chief executive Jeff Travis has resigned after six years at the helm of the trade body.

His sudden departure has provoked speculation that the move may clear the way for a merger between the LIA, the Institute of Financial Planning and Sofa, possibly under the umbrella of the Chartered Insurance Institute.

Travis, the former AMP direct-sales boss, was seen by many IFAs as an obst-acle to greater co-operation between the various bodies, such as the LIA, CII, Sofa and the IFP, as he is believed to have insisted that any such move should be under the banner of the LIA.

The move comes only weeks after it emerged that the LIA was forced to go back to the drawing board over its scheme to raise standards among IFAs because it failed to win the support of other organisations.

Aifa director general Paul Smee says: “It will be interesting to see if the LIA adopts a whole new strategy.”

Sofa chairman John Porteus says: “Jeff&#39s departure is unexpected and only time will tell what change it will mean to the LIA&#39s stance on industry issues.”

Syndaxi Financial Planning principal Robert Reid says: “I think he had particularly fixed views about the marketplace. I do not think these days that fixed views are tenable.”

Recommended

Melton Mowbray five-year fixed

Britannia two-year fixed Fixed term: 2 yearsFixed rate: 4.49% Minimum loan: £5,000Maximum loan: £500,000Income multiples: 3.5 x single, 2.75 x jointArrangement fee: £295 plus £75 admin feeRedemption fee: 180 days interest in first two years Conditions: Up to 95% LTV, no MIG to pay below 90% LTVIntroducer&#39s fee: noneTel: 0845 8429429

Bank staff training to sell Widows&#39 complex lines

Lloyds TSB and its subsidiary Scottish Widows are investing several million pounds to train 300 advisers to offer a specialist financial planning service to customers.The move is part of the group&#39s preparation for the “post-depolarisation world”.Widows has chosen the advisers from over 2,000 staff in Lloyds TSB branches and they will train as financial planning […]

Contracting-out choice shifts from pivotal age

Product providers are moving away from using pivotal ages for contracting-out decisions, believing all policyholders should review their position in light of the new second state pension and lower investment returns.Axa says men aged 56 and women aged 49 should be contracted in but believes people should hold off from making a decision as the […]

Reluctance to change lenders hits consumers

The majority of British homeowners display apathy when reassessing their personal finances, according to a study by Yorkshire Building Society.Nearly half of homeowners, 47 per cent, admit they could save money on their mortgage with a deal elsewhere but feel safer staying where they are.Underlining the apathy felt by most consumers towards finance, the survey […]

Tech winners keep on winning

By Ali Unwin, chief technology officer & fund manager, Neptune Artificial intelligence, driverless cars, big data. As technological advancements – and disruption – increasingly dominate headlines, Ali Unwin sets out six key themes he is watching in 2017. Read more Important Information Investment risks Neptune funds may have a high historic volatility rating and past performance […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment